Homework Answers
Solution:
Reorder point = (Daily demand * lead time)
Given information:
Annual demand =19,611
No of working days = 300
Lead time = 7 days
Step 1:
Daily demand = 19611/300= 65.37 = 65 units
Step 2:
Reorderpoint = 65 * 7
Reorder point = 455 units
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